wheat buddy is out.

**bucket** · Jan 22, 2015, 19:09

Nope and nothing are the answers mbgrower.

**jdepape** · Jan 23, 2015, 09:08

Good idea. Where can you see it?

**bucket** · Jan 23, 2015, 09:23

Depape

It's not an idea. He has been publishing it for quite a while.

If every western farmer read it, the system would change quickly when they look at actual basis, port prices etc.

**northfarmer** · Jan 23, 2015, 10:33

it available through his subscription service.

as I have stated before on this forum the lack of proper and effective arbitrage of our markets is costing us millions and rail and logistics is not the only cause.

**MBgrower** · Jan 23, 2015, 18:38

We have futures markets that provide liquidity and price discovery, however basis is allowed to remain hidden. Now i ask, how is this allowed? If only Ritz and Harper understood how fair markets should work to stimulate competition. Obviously they dont, or theyre objective was to transfer farm wealth directlty to a few canadian grainco families .

At least we have access to the usda trade reports for some kind of idea what our grain is worth.

**jdepape** · Jan 24, 2015, 09:21

MBgrower:

How is basis hidden?
(This is an important discussion - IMHO.)

**MBgrower** · Jan 24, 2015, 09:41

Just asking for transparency between port prices and country prices to measure prices differential. Are the graincos country prices currently netting them $0.25/bu or $3.00/bu? No one knows.

**farming101** · Jan 24, 2015, 09:50

My view is that the basis is inaccurate. Minneapolis futures are quoted in USD. Friday's close for the March contract converts to $7.16 CAD
Grain buyer's cash bids are quoting a basis of say, -$8.00/t basis Mar futures for February delivery and a cash price of $203.65/t CAD or $5.54 CAD. It doesn't compute.

**bucket** · Jan 24, 2015, 10:20

Machinery dealers are quick to point out the fx on new machinery. Fertilizer gets 2 conversions.

Not sure why no one can see the discrepancy. ?

wheat buddy is out.